Member repays refund of contributions on rejoining this schemeN.I.
This section has no associated Explanatory Memorandum
176.—(1) This regulation applies to a member who—
(a)was in pensionable service under this scheme (“earlier period of service”);
(b)received a refund under regulation 175 (refund of all member contributions and payments for added pension made by the member) in relation to that earlier period of service; and
(c)after a gap in service not exceeding 5 years, rejoins this scheme.
(2) If within 6 months after re-joining this scheme (or any longer time the scheme manager determines) the member repays to the scheme manager the amount of the refund received under regulation 172 the active member's account must be adjusted to specify the amount of accrued earned pension as at the last day of pensionable service for the earlier period of service.